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These “new normal” trading is really starting to be annoying. It should have been a clear USD short.
Do you have any advice on the next possible USD short levels? I’m looking at EURUSD@1.085, below that @1.05.
But it looks like a shitstorm on another glance.

never commented on your blog though i’ ve been reading you for some time. yes the expression is certainly spot on wtf ?! ..same for Brexit …plus difficult to understand the markets at times …they sell Big bad wolf Trump and then “oh no wait this is going to be so gooood for equities””” …are .they on steroids ?

during globex time at down i see the dow @ – 1000 points and then i thought ok great will short it back on some great level during market time to put it simply..and did not move …yes what the F ?! humm …overall – 1000 points and then rallied back + 1120 points…. worst than black friday and 2007 and lehman brothers .

….same for gbp-usd ..wanted to short at 1,2550…then missed a buy at 1,24 back to 1,2477..pattern but then nothing in the fridge ..got to pop out and bang back to 1,24…150 pips for some food ….and at the end of the day does not help to receive via email the screen print of a currency trader with a 19,000£ result for a night …feeling like crap….

so yes gold is holding, copper is rallying and equities are rallying and the US $ is going strong

perhaps , not so much in need for a Christal ball but a “king kong ” boost …in form of some tips on mental resilience in times like this …self beating /whipping rrrrrr

I still think this will be short lived, and that we’ll see the larger turn with equities and $USD heading lower, and gold pushing on but…

It’s just good responsible trading to sit this out a day er two. There is no point “picking sides” here, as seen with my silly intra-day call on the open the other morning.

What a rinse……-900 down then a full 1100 up in Nikkei and in risk in general! It’s these kinds of rinses though – that do have you watching as they are often telling of much larger “sustained” moves coming soon.

I got out of the way within hours of it so…..it does pay to be nimble, and keep these charts in front of your face!

No sense here at all, no one seems to be sitting down and critically analyzing what a Trump presidency could mean.

If Trump does return jobs to America, that equals higher manufacturing costs which companies will either have to absorb (resulting in lower profits) or pass on to consumers (inflation). Will also impact all those countries that benefit from US exported jobs (primarily China as well as other Asian countries).

Any trade tariffs could result in a serious decline in World Trade, if Trump believes he can impose tariffs on imported goods without the other countries counter-acting, he is seriously deluded.

MSM is now propagating that Trump is the new Regan (after months of scaremongering that his policies would be a disaster) hence the mad dash for stocks. No one realizes that 35 years after Regan, the World is a different place. What exactly is America going to manufacture (that is currently manufactured abroad) that will not result in higher prices and inflation?

On top of that, bond market is selling off. The cost of debt is rising. Any trade tariffs against China and the US treasury market is toast (I believe out of every $1 of US debt, China owns 68c).

Imagine the economic costs to US if China and the World starts to dump US treasuries due to Trumps isolationist policies. Even the FED can’t buy all that debt.

All in all, I think calmer heads will prevail over the weekend and we could see this stock rally unwind next week.

Kong – Thank you for allowing me a place to air my thoughts. Hope it helps or at least gives people something to discuss.

Markets have long changed. Once upon a time, any unknown situation, traders would reduce risk and wait for confirmation. Today, everyone tries to front run any good news in the knowledge that CB’s will not let the markets fall too much.

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